Tourism rebounds on Eid vacationers

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The tourism industry expects good business from the Eid as hotel and resort operators received a lot of bookings in the run-up to the festival, thanks to a stable political climate.  
“We expect an increased number of tourists during the Eid vacation,” said Omar Sultan, president of Cox's Bazar Hotel-Motel and Guesthouse Owners Association.
Different hotels, motels and guesthouses in the beach city have sold 50 percent of the rooms for the July 31-August 1 duration, he said.
The industry was hit hard last year due to volatile politics over the national election. Hoteliers are now hopeful of recovering losses suffered in the previous season.
“We lost around Tk 8 crore last year to frequent shutdowns,” said Mohiuddin Khan Khokon, director for sales and marketing at Hotel The Cox Today.
This year, the hotel with 276 rooms has no vacancies from July 31 to August 3. It earns more than Tk 10 lakh in room tariffs a day if all the rooms are occupied, Khokon said.
Tour operators expect a high turnout of local tourists at popular destinations such as Cox's Bazar, Rangamati, Bandarban and Sylhet due to a weeklong vacation.
Green Holidays Tours, which arranges tours of Cox's Bazar, Rangamati and Bandarban, has received bookings from around 150 tourists for Eid holidays, said Md Borhan Uddin, the company's chief executive officer. But the Green Holidays bookings this year are 80 percent lower than in the Eid season in 2011 and 2012, he added. There are around 14,000 rooms, including 1,790 in 11 hotels and 8,750 in 175 guesthouses, in Cox's Bazar, according to industry insiders. Nearly 1.5 lakh tourists visit the beach city a day during the Eid vacations, said Sultan of Cox's Bazar Hotel-Motel and Guesthouse Owners Association. Airlines operating on the Dhaka-Cox's Bazar route have also sold almost all tickets on the route. “We have sold all tickets on the Dhaka-Cox's Bazar route for two days after the Eid,” said Mofizur Rahman, managing director of Novoair. Novoair, which charges Tk 6,600-8,400 for a one-way ticket on the Dhaka-Cox's Bazar route, has also received a good response on Dhaka-Jessore and Dhaka-Sylhet routes. However, tour operators and hoteliers say poor road conditions have seriously affected the country's vibrant tourism industry. Dilapidated roads, especially on the Dhaka-Cox's Bazar route, have significantly affected domestic tourism, said Taufiq Uddin Ahmed, president of Tour Operators Association of Bangladesh. Currently, a traveller will have to spend 18-20 hours on the road to get to Cox's Bazar from Dhaka by road, he said. As a result, a large number of people now go abroad on holiday, Ahmed said. Nearly two lakh Bangladeshis are expected to go abroad this Eid, said the president of Toab. Bangladeshis are mainly visiting Malaysia, Thailand, Singapore, China, India, Nepal and some European countries, said Ahmed. “An increased number of tourists are going to India, Nepal and Thailand due to low travel costs,” said Borhan of Green Holidays Tours. Around 300 Bangladeshis will visit Thailand, Nepal and Malaysia during this Eid vacation through Green Holidays, he said. Syed G Qadir, general manager of Galaxy Holidays, another tour operator, said his agency will also arrange foreign visits for around 400 local people. Simplified visa processing is another reason for the increase in outbound tourism, said Ahmed, the president of Toab, adding that Bangladeshi tourists are now getting visas to Malaysia, Thailand and Nepal without any hassle. Besides, India is issuing multiple-entry visas for up to 12 months for Bangladeshis. Bangladesh continued to top the list of six neighbouring countries in terms of tourist arrivals in India. Travel and tourism contributed Tk 22,260 crore or 2.1 percent to Bangladesh's gross domestic product last year. This is expected to rise 7.7 percent to Tk 23,980 crore this year, World Travel and Tourism Council said in its latest study. Spending by local tourists is expected to grow by 7 percent year-on-year in 2014 to Tk 39,670 crore, according to the London-based research organisation.

FII inflows hit $5b in July in Indian market

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NEW DELHI, July 27 (PTI): Betting big on the government's reforms agenda, overseas investors have poured in more than USD 5 billion in the Indian market so far this month taking the total inflow to over USD 25 billion since January.

Net investments by foreign investors in the equity market were USD 2.2 billion (Rs 131.66 billion) from July 1-25, while they amounted to USD 3 billion in the debt market, taking the total to USD 5.2 billion (Rs 309.95 billion), as per the latest data.

Market analysts maintain that foreign investors have been betting on the Indian market mainly on account of the reforms agenda of the new government at the centre.

Top-7 Sensex cos add Rs 777 billion in m-cap

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NEW DELHI, July 27 (PTI): Helped by a smart rally in the market valuation of IT bellwether TCS, the top-seven most valued Indian companies together added Rs 767.93 billion in their market capitalisation (m-cap) last week.

Amid a strong stock market where the benchmark Sensex gained 485.19 points or 1.89 per cent, top-seven companies, including RIL, ITC, CIL, HDFC Bank, Infosys and HDFC, saw surge in their m-cap.

ONGC, SBI and ICICI Bank, however, suffered losses in their market valuation.

Software giant TCS's market value zoomed Rs 317.90 billion to Rs 5102.39 billion, becoming the biggest gainer in the top-10 companies list.s0

After 4 years, Lavasa files for IPO again

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Riding on a rally in real estate stocks and an improvement in investor sentiment, Corporation is planning to raise Rs 750 crore through an initial public offering ().
This is the second time that Lavasa, which is setting up the country’s first planned hill city, is considering an IPO. Its earlier plan to raise Rs 2,000 crore by diluting a 10 per cent promoter stake was dropped in 2010 due to adverse market conditions and controversies around the township.

Bankers say the company’s valuation is likely to drop sharply from the Rs 20,000 crore in 2010, as the promoters could this time dilute over 15 per cent stake to raise Rs 750 crore. While Lavasa executives could not be reached for comments, analysts said the reason for the valuation drop was understandable. “In 2010, Lavasa was selling four million sq ft annually and had announced its intention to increase this to 12 million sq ft. Now it sells only one million sq ft. At 15 per cent equity dulution, the valuation would now be around Rs 5,000 crore,” an analyst said.

Axis Capital, Kotak Investment Banking and ICICI Securities are the bankers to the issue.

IPOs of private realty developers Prestige Estates and Oberoi Realty in October 2010 were the last big ones. Government-owned NBCC went public in March 2012. According to experts, some other real estate companies that had wanted to float public issues in 2011-12 but did not proceed might now look at IPOs.

Lavasa’s debt, which stood at Rs 1,500 crore in 2010, has increased to Rs 3,397 crore at present. Its surplus & reserves stand at a negative Rs 558 crore.

The company, which is developing its township on the hills in Lavasa near Pune, plans to use Rs 250 crore for construction of certain buildings in Dasve and Mugaon sections of the township, Rs 100 crore for development of infrastructure in Mugaon, Rs 200 crore for repayment of debt and the rest for other corporate purposes.

Real Estate, the realty arm of Ajit Gulabchand’s Hindustan Construction Company, holds a 68.7 per cent stake in Lavasa, while Gautam Thapar’s Avantha Group owns 17.18 per cent. Other stakeholders are Venkateshwara Hatcheries (7.81 per cent) and Pune-based investor Vinay Maniar (6.29 per cent).

According to its draft red-herring prospectus, Lavasa posted a net loss of Rs 186 crore on a total income of Rs 171.3 crore during 2013-14.

The company has seen its share of controversies in the past. In late 2010, the environment & forests ministry issued a showcause notice to the township, alleging violation of the environment impact assessment (EIA) notifications. It had directed the company to maintain the status quo on all construction activities in the township which led to stoppage of work in Lavasa for almost a year.

Though the ministry passed an order against Lavasa in early 2011 on the same matter, the company moved the Bombay High Court against the showcause notice and the order through two petitions. Both matters are pending in the court.

There also were public interest litigation filed against Lavasa, claiming it bought over 10,000 acres in violation of Section 9 and 10 of the Maharashtra Agricultural (Ceiling on Holdings) Act, 1961.

Syndicate Bank to raise Rs 11.0b via QIP

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KOLKATA, July 23 (Business Standard): Syndicate Bank plans to raise Rs 11.0 billion through a qualified institutional placement (QIP) in the current financial year, its chairman and managing director Sudhir Kumar Jain said today.

The fund raising programme will lead to a dilution in government's stake in the bank to around 62 per cent from 67.4 per cent now.

"It is not that we need capital immediately. But we need to raise money in anticipation of our long-term growth. We expect the annual average growth in our advances to be around 19 per cent for next five years.

Stocks see short-term profit

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FE Report

Stocks returned to the red Wednesday after two sessions upturn as most of the investors booked short-term profit on large cap stocks ahead of Eid vacation.

Today (Thursday) will be the last working day ahead of the ensuing Eid-ul-Fitr on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) as the bourses go for a prolonged nine-day Eid vacation including weekly holidays from tomorrow (Friday).

The market opened with positive note, but could not sustain. Eventually, DSEX, the prime index of the DSE ended at 4,388.68 points, shedding 35.92 points or 0.81 per cent.

The other two indices also ended in red. The DS30, comprising blue chips lost 16.02 points or 0.99 per cent to close at 1,602.04 points. The DSES lost 6.57 points or 0.66 per cent to close at 993.24 points.

Turnover at DSE remained dry. The total turnover stood at Tk 3.18 billion, registering a decline of 15.2 per cent over the previous session's value of Tk 3.75 billion.

 "Most of the investors exhibited profit-booking attitude and abstained from making any new investments before the Eid vacation in order to avoid any accrued investments during this period," commented International Leasing Securities.

 "The investors showed mixed reaction and mostly dumped Beximco shares ahead of its earnings report," it said.

Profit booking tendency kept Beximco at the worst position of top ten losers' list which lost 8.18 per cent and subsequently, emerged miscellaneous sector lost was the worst sectoral performer with 4.39 per cent loss, said IDLC Investments.

LankaBangla Securities, said: "Market held back its momentum Wednesday as investors' behavior was astounding towards the market".

The second quarter earnings performance of listed corporate entities was good. But market could not react according to the earnings performance due to selling pressure of stocks, said the stock broker.

Among the large cap sectors, only telecommunication closed in green with 1.25 per cent gain. NBFIs posted the highest loss -- 2.10 per cent.

Pharmaceuticals and fuel and power closed 0.92 per cent and 1.03 per cent lower respectively. Food and allied and bank edged down by 0.58 per cent and 0.21 per cent respectively.

The losers took a lead over the gainers as out of 297 issues traded, 160 declined, 90 advanced and 47 remained unchanged on the DSE floor.

Beximco Limited was the most traded stock for the ninth sessions with shares worth Tk 600.67 million changing hands followed by GP, Lafarge Surma Cement, Square Pharma and Shahjibazar Power.

The top five issues in turnover chart captured 38.74 per cent of day's total turnover with Beximco contributing 18.8 per cent alone.

ICB First NRB Mutual Fund was the day's highest gainer, posting a rise of 8.85 per cent while Beximco was the day's worst loser, slumping by 8.17 per cent.

The port city bourse, Chittagong Stock Exchange (CSE) also ended lower with its Selective Categories Index - CSCX - lost 67.74 points to close at 8,321.07 points.

Losers beat gainers 118 to 49, with 37 issues remaining unchanged at the port city bourse that traded 15.82 million shares and mutual fund units with turnover value of Tk 347.87 million.

HK H-share index soars to highest close in 2014

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HONG KONG, July 23 (Reuters): An index of major China companies listed in Hong Kong on Wednesday surged to its highest close this year, as investors piled into financial and energy stocks seen as undervalued.

The China Enterprises Index climbed 2 per cent to close at its highest since Dec. 27, while the benchmark Hang Seng Index was up 0.8 per cent at 23,971.87 points, its highest since December 2.

Daily bourse volume was the heaviest since April 11.

Chinese property stocks were top percentage gainers on the Hang Seng for a second day, with China Resources Land jumping 7.5 per cent and China Overseas Land & Investment up 4.4 per cent.

The 21st Century Business Herald reported late on Tuesday around 10 more Chinese cities are expected to relax home-purchase restrictions under the pressure of high inventories.

European stocks rebound as Ukraine rebels hand over black boxes

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LONDON, July 22 (Reuters): European markets rode a global rebound in risk appetite on Tuesday helped by the first signs of cooperation from Ukraine's pro-Russian separatists over the downed Malaysian Airlines plane.

After days of uncertainty, a train carrying the remains of some of the almost 300 victims was heading for Ukrainian government territory and flight recorders had been passed to Malaysian authorities by separatist leaders.

It helped settle the recent market nerves, lifting shares both in Europe and Asia and pushing back many safe-haven assets like the yen, gold and government bonds that have been in demand over the last week.

Europe's FTSEurofirst 300 index was up 0.7 per cent as the main bourses in London, Frankfurt and Paris all climbed, while dollar-traded Russian stocks in Moscow saw their first rise in almost two weeks.

The rouble also firmed, trading 0.5 per cent stronger against the dollar at 35.03 and the euro at 47.36.

"The separatists have reportedly met several of the key demands coming from Malaysia and Western countries," Sberbank Investment Research analysts said.

The dollar crept up 0.1 per cent to 101.48 yen, having pulled back from a low of 101.09 hit late last week, while gold dipped about two dollars to $1,305 an ounce.

The rebound in risk was also aided by more solid US company earnings and merger activity in the previous session, though analysts remained wary about Ukraine and Russia given the delicate situation.

Investors take fresh position

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FE Report

The market remain upbeat Tuesday with improved turnover as better earnings figures and hope for capital market-friendly monetary policy stimulated investors to take fresh position in the market.

The session started in a flurry, with promising earnings figures appearing early in the morning and the upbeat mood continued till the market closure.

Half yearly earnings of the listed companies with June year-end have started to come up.  About 15 companies have reported their 2H'2014 earnings Tuesday.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSEX) crossed the 'psychological' threshold of 4,400 points mark after 12-session and ended at 4,424.60 points, gaining 29.65 points or 0.67 per cent.

The other two indices also ended higher. The DS30, comprising blue chips gained 12.38 points or 0.77 per cent to close at 1,618.06 points. The DSES rose 8.09 points or 0.81 per cent to close at 999.80 points.

The total turnover rose to Tk 3.75 billion, registering an increase of 21.35 per cent over the previous session's value of Tk 3.09 billion.

"Declaration of better half-yearly and quarterly earnings stimulated the investors to take fresh position in the market," commented International Leasing Securities, in its regular market analysis.

"The investors' expectation regarding the next monetary policy statement also triggered the upbeat market sentiment to some extent" said the International Leasing.

IDLC Investments, said: "With earnings declarations being on the driving seat, market subdued the recent monotonous down trend for the second day".

"Hope for a capital market-friendly monetary policy assisted investors to revive enthusiasm. Consequent increase in activities resulted in a turnover of Tk 3.75 billion," said the merchant bank.

"Equity market continued positive momentum for yet another session backed by cue of recovery in quarterly earnings of stocks," commented LankaBangla Securities

Sensex gains 310 points, ends near record high

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MUMBAI, July 22 (Reuters): The BSE Sensex rose more than 1 per cent on Tuesday, approaching its record high hit earlier this month after telecom stocks surged following Idea Cellular's better-than-expected earnings while stronger Asian shares also bolstered sentiment.

Gains were also helped after energy conglomerate Reliance Industries rallied for a second day after its quarterly earnings out on Saturday beat estimates.

The BSE Sensex gained for the sixth consecutive session, helped by buying from foreign investors.

Overseas investors bought Indian shares worth 1.61 billion rupees ($26.73 million) on Monday, marking inflows of $539.4 million over four consecutive days of buying, exchange and regulatory data showed.

Asian shares gained as well on Tuesday, helped by the first signs of cooperation from Ukraine's pro-Russian separatists over the downed Malaysian Airlines plane.

"Markets have digested pre-budget expectations and post-budget worries. Now, the focus would be on flows and delivery of earnings," said Vijay Kedia, managing director at Kedia Securities Pvt Ltd.

The broader Nifty rose 1.1 per cent, or 83.65 points, to end at 7,767.85.

The index is not too far from its record high of 7,808.85 hit on July 8, a couple of days before the new government's maiden budget.

The benchmark BSE Sensex rose 1.21 per cent, or 310.63 points, to end at 26,025.80, closing above the psychologically important 26,000 level.

Telecom stocks rose after Idea Cellular Ltd's April-June profit beat estimates while sector regulator's guidelines for mobile phone spectrum sharing also helped sentiment.

Bharti Airtel Ltd and Idea Cellular rose 5 per cent each, while Reliance Communications ended 3.9 per cent higher.

Reliance Industries rose 3.3 per cent, adding to Monday's 2.14 per cent gain after its April-June earnings on Saturday beat estimates.

Asian Paints Ltd rose 1.7 per cent after the company said its June-quarter profit rose by 23 per cent to 3.39 billion rupees.

Hindalco Industries Ltd gained 2.4 per cent after aluminium prices hit a 16-month high.

Exide Industries Ltd jumped 4.5 per cent after the industrial and automotive battery maker reported late on Monday that April-June earnings rose 17 per cent to 1.85 billion rupees ($30.73 million), beating some analysts' estimates.

Indoco Remedies Ltd surged 18.7 per cent after the company said on Monday that the US drug regulator had approved the company's sterile and solid dosage manufacturing plants located in Goa, paving the way for its ophthalmic product launches in the United State.

However, among stocks that fell, Thermax Ltd plunged 8.4 per cent, its biggest single-day fall since December 2008 after traders said lower margin in the energy segment weighed on its quarterly earnings.

Analysts See Lavasa Triggering IPO Market Revival

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Green shoots have begun to appear in the primary market with filing of the first draft offer document with the Securities and Exchange Board of India (Sebi) since the new government took charge at the Centre and many others are expected to follow suit in the coming weeks, analysts say.
Resort town operator Lavasa on Tuesday filed its draft prospectus with the capital markets regulator for raising Rs. 750 crore, becoming the first company to launch an IPO process since the swearing in of a new government headed by Prime Minister Narendra Modi on May 26.
There has been a sharp rally in the secondary markets with Sensex already scaling new peaks on a regular basis.
The landslide victory by the BJP-led National Democratic Alliance (NDA) in the general elections is widely expected to further perk up investor sentiment.
However, bullish trends in secondary market are yet to reach the primary market. Before Lavasa, the last IPO papers were filed with Sebi on May 22 (by Adlabs Entertainment).
Lavasa also happens to be only the third company to file IPO papers so far in the current fiscal year, the first being GMR Energy on April 3. GMR Energy later withdrew its plans.
According to market analyst, a pickup appears imminent in the primary market, which has been dormant for three years.
Adverse market conditions have forced 109 companies to call off their plans in the last three years to tap the capital market for raising Rs. 52,500 crore.
Hindustan Construction Company (HCC) said on Tuesday its realty arm Lavasa Corporation will float a Rs. 750 crore IPO.
This is second time Lavasa is filling a draft papers with Sebi for an IPO. It had planned to raise Rs. 2,000 crore in 2010 but abandoned due to the weakness in the market.
"The announcement by Lavasa indicates that IPO market revival may be on the horizon. We may see many companies tapping the IPO route to garner funds in the coming months," CNI Research head Kishor Ostwal said.
"Benchmark indices, the S&P BSE Sensex and the CNX Nifty, have been making new highs, confidence among institutional investors is back," said Alex Mathew, head of research at Geojit BNP Paribas Financial Services.
"This is the right time for companies, which are looking to tap the IPO market," Mr Mathew said, adding that the "valuations should be attractive".
SMC Global research head Jagannadham Thunuguntla said the positive sentiment in the capital market since the start of the year has failed to revive the IPO market.
Last month, Emcure Pharma withdrew a proposed its initial public offer. This was the fourth withdrawal this year.
Prior to Emcure, three firms - Trimax IT Infra and Services, BSCPL Infrastructure and GMR Energy had withdrawn their respective public offer plans this year so far 

Dhaka bourse to resume IPO scrutiny after a two-year pause

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The Bangladesh Securities and Exchange Commission has asked the premier bourse to restart scrutinising the draft IPO prospectuses and send recommendations to the regulator.
The move comes following a controversial listing of a chemical manufacturing company, which masked market-sensitive information about its directors in the IPO prospectus.
“We sat with the exchange officials last week, and decided that the bourse will submit its observations within 28 days of IPO prospectus submission to the regulator,” said Arif Khan, a commissioner of the BSEC.
He said they are also considering making public the draft prospectuses on the bourse's website for stakeholders' perusal.
The DSE had a listing committee until November 2011 that was responsible for analysing the draft initial public offering prospectuses in brief and making recommendations to the regulator.
The body was abolished upon a verbal instruction from the regulator following a conflict between the DSE and BSEC on the listing of a company.
But in April 2012, the prime bourse formed a 14-member expert panel to look into the companies' balance sheets, accounts, earnings per share, net asset value, business performance and growth, credit rating, valuation, risk factors and the IPO offer price in the prospectus.
The DSE once again dissolved the panel, as its observations were not evaluated by the securities regulator while giving consent to the IPO proposals.
Recently, the DSE at a board meeting also raised their concern over the controversial listing of a company.
On June 8, FAR Chemicals made a controversial debut on the stockmarket, as the company concealed market-sensitive information about its directors in its IPO prospectus that was a violation of securities rules.
The textile chemical manufacturer, however, made the concealed information public after an instruction from the BSEC.

Committee working on developing new plots

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The high-powered committee at the Ministry of Industries (MOI) formed on the instruction of the Prime Minister to finalise proposals on setting up new industrial parks on excess land of seven state-owned enterprises (SOEs) considered several options at its first meeting Wednesday last.

Official sources having access to the committee told the FE Monday that six of the seven SOEs listed in the Prime Minister's Office letter belong to Bangladesh Chemical Industries Corporation (BCIC).

The committee has given it (BCIC) two weeks time to come up with concrete proposals on how those industries can be revived as most of them are closed or else the decision should be left to the committee.

"If they can run the industry they will retain an appropriate area of land, if they can't, they will be asked to relinquish their control on the land," said a senior member on the committee.

He said the BCIC official at the meeting suggested that they may be able to revive some of the SOEs by carrying out BMRE and other restructuring. It may also set up two urea plants in Khulna and Pabna at the site of the closed newsprint paper mills.

He said the committee has primary reservations on such claims but decided to wait until the next meeting to see whether the BCIC comes up with practical workable proposals in this regard.

How to apply for Machine Readable Passport (MRP)

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There are Two ways to apply for a MRP or convert to MRP or renew Passport.

1. Download Regular form (from passport gov websitehttp://passport.gov.bd/Reports/MRP_Application_Form[Hard%20Copy].pdf ) and print it (OR May be you can collect the hardcopy from RPO. Then fill it up and submit to RPO (Regional Passport Office) with necessary document(s).

2. Apply online through passport gov website (http://passport.gov.bd/).

Personally I suggest, go for option 2. As per policy of authority, online applicants have the privilege not to wait in regular line. If there are many online applicants, that’s the different case. One more thing if you have GO or NOC then you can also get the same privilege as online applicants whether you apply online or not. (Oh I must mention online applicants/applicants with GO or NOC have different line than regular applicants, except two or three steps. Therefore, when you are merged with regular applicant just skip the line, go forward and inform them that you are online applicant/or you have GO or NOC).

In this writing I am going to elaborate the online application process only. 

First, Go to http://passport.gov.bd/ and then follow…
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Auto generated Printable Application Form have 4 pages as following …
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Notes:

1. Required documents...
i)  One copy passport size Photo
ii)  Attested copy of Birth Registration Certificate OR
iii) Attested copy of National ID Card
iv) Attested copy of TIN Certificate (if applicable)
v)  Attested copy of GO (if applicable)
vi) Attested copy of NOC (if applicable)
vii) Attested copy of Previous passport (if applicable)
viii) Attested copy of Student ID (if you put your occupation as student sometimes they wants to see the ID card, it’s not mandatory but just to be cautious keep it with you)
ix) Attested copy of Employment ID (Just to be cautious)

2. Photo must be attested after affixed it on application form. And attestation should like this …
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Half portion of the signature and seal should put on photo and another half on page. More or less similar to SSC or HSC registration card attestation. And signature or seal must not cover face of the photo. It is said that all attested documents & forms should be attested from same Gazetted Officer to avoid further problems.

3. In instruction they have advised to write "Mohammad" instead of "Md." Keep in mind, it is just a gentle advice, not a mandatory instruction. Therefore, if it is written "Md" in your academic documents, then it is Strongly suggested to write "Md" in MRP application form to avoid future probable confusion.

4. Make total two sets of Complete Application Form.

5. Now submit two sets of Complete Application Form to the RPO. If you are a govt. service holder, then you need only one set of application form because your verification has been done already when you enetered into the service. Otherwise, you will have to submit both of them. One will be in the passport office to produce the passport and another will be patch through Passport Verification Officer.

6. Process/Steps on the RPO
i) Notify your presence (here the duty officer will put a seal on your form) [merged with regular applicants]
ii) Verify your form and documents
iii) Collect a seal from duty officer for biometric capture [merged with regular applicants]
iv) Collect your biometric capture serial number
v) In the biometric capture session they will take your thumb print, signature and photo. After completing this session they will give you a delivery slip. Here you will find delivery date, your police verification is needed or not. Through this step your submission process is completed.

7. For biometric capture, one must not go wearing a solid white colored dress & glassess.

8. Now wait if it is not emergency, otherwise contact your RPO.

9. After submitting your passport application form, you will get a call from Passport Verification Officer of Special Branch of Bangladesh Police within 2/3 working days. He will tell you to meet him at your house or local police branch. For that, you need to show & give him your attested copy of Birth Certificate, National ID, Student ID (If Applicable). I shouldnot say this, but true fact is that, you need to satisfy him by giving 100tk -500tk as far as anyone can. It depends on your convincing power.

10. If your Present & Permanent addresses are not same, then your passport application form will be verified once again. Needless to say, you have to bribe there also. To Avoid further difficulties, you will have to notify your people of permanent address 2/3 days ago. They must have your original copy & photocopy of Nationality/Character Certificate issued by Chairman/Ward Commissioner. It is not necessary but I suggest that after completing both verification, You will call both Passport Verification Officers to confirm that your application has been sent back to passport office already. It is very important because without their verifications, you will never get your passport however your application is fully OK.    

11. You’ll get both messages and email when your passport is ready. Sometimes the delivery of passport delays. If the delivery delays then contact to RPO. You will get it in the very next day or within three working days.

12. When you are going for the passport collection, take your Delivery slip and old passport (if applicable) with you. Submit your delivery slip and wait for your call. They will call you within 2 and half hour. If you have old passport, then they will send you to emboss it. And that’s it. Happy Passporting !!!

13. For more details about Passporting visit http://www.dip.gov.bd/

Writer: Mahbubul Islam Sujon
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26.4 per cent of DSE brokerage firms ready to launch new IPO process

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Only 26.4 per cent of brokerage firms of Dhaka Stock Exchange (DSE) have completed preparations for the pilot project of launching the new IPO (initial public offering) process, officials said.

The premier bourse Sunday submitted the list of the brokerage firms which are ready to take part in the pilot project of the proposed IPO process.

As per the DSE list, out of 250 brokerage firms 66 have completed preparations for the IPO process, whereas another 17 are in process and 25 sought time for completing preparation.

The managing director of the Chittagong Stock Exchange Syed Sajid Husain said, out of 148 members, 30 members are ready for the pilot project.

The securities regulator earlier took the decision of easing the procedure of making applications for the IPOs through DPs (depository participants) instead of banks accounts following the demand of the bourses.

The preparation of brokerage firms for pilot project of new IPO process includes the job of software updates along with ensuring required manpower.

The Bangladesh Securities and Exchange Commission (BSEC) approved the new IPO process on May 20 last and asked both the bourses to submit the list of the members who will take part in pilot project by July 15 this year.

Later, the deadline for submitting the list of brokerage firms was extended up to July 20, 2015.

As per the proposed IPO process, the investors will apply for IPO shares through the brokerage firms by depositing money in the BO (beneficiary owner's) accounts.

As a result, the IPO seekers do not need to stand in the long queue for depositing required amount of money through bank accounts.

The brokerage firms will have to make sure that the IPO applicants have required amount of money with their respective BO accounts before applying for the IPOs.

After holding the IPO lottery, the money of successful applicants will be transferred to the account of the issuer company and the unsuccessful investors also get back their money quickly.

The securities regulator has initiated the pilot project of new IPO process to avoid any kind of difficulties and technical disruption after the formal launching of the process.

New sanctions hit Russian assets, spook world shares

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LONDON, July 17 (Reuters): A tightening of Western sanctions on Russia rattled world markets on Thursday, sending Moscow stocks and the rouble tumbling and lifting traditional safe-haven currencies and bonds.

The new US sanctions announced late on Wednesday effectively shut off longer-term dollar funding for companies close to President Vladimir Putin. European Union leaders agreed to target Russian firms that help destabilize Ukraine, and to block new loans to Russia through two development banks.

Such measures had been threatened for weeks, but the decision to push ahead unsettled investors who had questioned the appetite to do so, especially in Europe.

Moscow's MICEX stock market fell 2.9 per cent, its dollar-traded cousin, the RTS index, dropped 4.5 per cent and the ruble lost more than 1 per cent against both the dollar and the euro.

"From the West's perspective they could not have chosen a better time to intensify sanctions," said Societe Generale strategist Regis Chatellier. "Until a few weeks back, Russia was in a position of relative strength because there was massive pressure on oil, but that is not the case any more."

Safe-haven assets were given a broad lift, with concerns now that Moscow - which provides much of Europe's gas - could hit back with retaliatory measures.

The sanctions are aimed at tightening pressure on Moscow to help calm the crisis in Ukraine, where hundreds of people have been killed in months of fighting between government forces and pro-Russian separatists.

The Russian Foreign Ministry said it saw the American sanctions as "a primitive attempt to avenge the fact that developments in Ukraine are not following Washington's scenario," and that it was disappointed that Europe had "succumbed to the blackmail of the US."

The Japanese yen, Swiss franc, gold and German government bonds were all higher as the selling of riskier assets gained momentum.

Interest rates on German government bonds dipped to be within a whisker of their 2012 all-time low. The pan-European FTSEurofirst 300 was down 0.8 per cent as some mixed earnings and Wednesday's gains - the biggest in three months - also bred caution among investors.

Asian equities had dipped overnight too, led by Chinese shares. That came despite a fresh record high for Wall Street's Dow Jones Industrial index.

Mid-year earnings are now in full swing. Later in the day internet giant Google reports its results, topping a heavy slate of big hitters which was kicked off by an upbeat pre-market release from Morgan Stanley.

The bank's earnings more than doubled as its investment banking and wealth management businesses more than made up for a fall in bond trading. Nevertheless, Wall Street was expected to open around 0.4-0.5 per cent lower.

"US earnings have been pretty good so far," said IG Index strategist Alastair McCaig. "It's early doors, but at the moment the ratio is seven-to-one beating expectations."

In the currency market, the Russia tensions helped the safe-haven yen inch up to 101.50 yen to the dollar. It also hit a five-month high against the euro as the recent downward trend in the euro zone's shared currency continued.

"Remember earlier in the week we also had (Federal Reserve chief) Janet Yellen warning about some stocks being a bit overvalued... so there is anxiety not too far below the surface about some asset prices," said Jane Foley, a foreign exchange strategist at Rabobank in London.

Data suggesting a shaky start for Germany in the new quarter and wariness about banking problems in Portugal have hobbled the euro this week.

Thursday's revised euro zone inflation data underscored the need for the ECB, which has talked about large-scale bond buys, to stay on its toes, as it remained deep in what Mario Draghi has termed the sub-1 per cent "danger zone."

The Russia/West tensions also rumbled in the background in commodities markets, though there were other factors at play too.

Oil saw its second day of $1-plus gains, after government data showed US stockpiles dropped last week. US  crude CLc1 was up 1.2 per cent at $102.4 a barrel with Brent LCOc1 fetching almost $108.

Gold ticked higher to trade above $1,302 an ounce, though it remained near a four-week low as investors weighed the possibility US interest rates would rise sooner than expected.

Ratanpur Steel Re-Rolling Mills(IPO) Subscription start on sunday

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Ratanpur Steel Re-Rolling Mills Limited share of the money collected will be 100 Crore. This company ipo subscription will be started from July 13, 2014 and will be closed on July 17, 2014. For NRB applicants, it will remain open till July 17, 2014. The face value of TK 10 per share value of company and offer price is TK 40 including a premium of taka 30. This company share issue manager responsible for ICB. This company Last financial year shows the EPS Taka 4.58 & Net asset value per share (NAV) taka 53.69. This Company Quantity of Share per lot 200.


IELTS Registration, Preparation and Examination

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IELTS Registration, Preparation and Examination

Registration:
What you need:
  1. 13800tk
  2. Full Photocopy/1st 7 pages copy of your Passport (MRP/Old ones)
  3. Online access for registration and then printout of the last/summary page
Now go to Standard Chattered Service 1 bank. I went to Uttara branch in Sector 6. The sweet receptionist will give you a 4-page bank slip that you will need to complete. Then take a token and wait for payment. The cashier will take 2 slips and give you two. Then attach 3rd slip with clear photocopy of passport and your summary page printout and drop in the service 1 booth available in the right corner of the room and take the last slip (pink) with you.
You will get completed registration email in 1-2 days.

Preparation:

I passed my engineering in 29 January, 2014 and I thought it was the time to finally sit the IELTS.
My target was 6.5 (individually 6.5 in each section) so that I could apply in my selected universities in Canada.

What I did:

I completed IELTS Cambridge 8 and 9. I had done all listening modules and reading modules in these two books. I highly recommend anyone that you should complete IELTS 6-9. And about other books, they contain much harder test and listening sections which are irrelevant. I registered on 5 Feb and gave my exam on 26 Feb (speaking) and 1 March. So my Prep time was about 20 days.

I just want to say who watches movies and English TV series regularly, his/her standard of English is already much better than the average Bangladeshis. I highly oppose the idea of being admitted into coaching centers provided that you watch programs regularly.

I had only 20 days prep while I also was taking MSc classes regularly (5 days a week). So finding the time is upon you. One thing I must suggest to you that when you start to practice the reading section, you should complete the whole 3 section at once. I didn’t do that and I suffered from lack of attention and tolerance during the final test. So you must try to practice the reading section one at a time.

Another thing is that coaching centers/strategy guides says you to “skim” through the passage or first look at the questions first and skim. Well, I am against this idea. I suggest:
  1. You thoroughly read passage 1 and 2
  2. Then you apply skim for passage 3.
That way you can answer P1 and P2 with full attention and sufficient accuracy and allot less risks to last passage which most of the time is the easier one.

About listening section, it is the easiest part of IELTS and also tricky too. You know that Q31-40 tends to be the toughest. Well, it depends. If they are MCQ, then you need to apply more attention. In case of map questions, try to write the full list of tasks in question booklet, because, if you don’t you will lose track of your answers. The other answers tend to be easy.

Now for writing section, I followed www.ielts-exam.net and ielts mentor heavily. I read about 80 WR 1 tasks from IELTS-EXAM and all tasks from IELTS 6 -9. I tried to find synonyms of commonly used vocabs and the linkers. And also I used alternative forms of sentence rather than the forms given in the IELTS Cambridge answer sheets. For Task 2, I also followed IELTS EXAM 160 tasks. I am preparing a PDF Book that contains all the tasks (240 tasks in total) for making your study easier.

For speaking sections, I generated many examples from IELTS MENTOR website. But the ideas were in terms of my life. Don’t try to memorize in this section. Try to involve you real life conditions because you will never find any common answers in the real exam. Actually, I don’t talk much, so my hope for this section was not much higher.

EXAM:

You will receive your ielts speaking test center venue, time, and your Candidate ID no. about 5 days before your final exam and 2 days before your speaking exam. Speaking usually takes place 2-4 days before the final. My exam was in Bengal Inn in Gulshan 1. I heard most of the candidates gave speaking test there.

When you reach at the specified location in your given time, you will need to report yourself to representatives there (1st floor). They will check your passport and will tell you to sign to check in. Then they will take your photo with fingerprint of your index finger. Then they will assign you to a room in 2nd floor.

I got appointed to room 207 where an old lady was my examiner. The test will be recorded. There will be 3 sections. In S1, I was asked several questions about my hometown, cooking at home, and dictionary – online vs physical. It took about 5 mins, but it may vary as I was very nervous at the time. Then in S2, I was asked to describe a park in my town. Then in S3 there were many follow up questions regarding environmental impacts of parks/gardens in the city. I ran out of words after taking for 2 mins in S2, still the lady told me to keep going on. And I also ran out of words in 1 question in S3. Still the overall test was good.

Then on March 1, I arrived in Basundhara Concention Center 2 on 1000 hours. You should see the seat arrangement of candidates by the side of the road there. Then you will be asked to submit any electronic devices and sheets you have to the representatives there. Then you will searched again regarding the same issue. Then you will be verified by your fingerprint and passport. Then you may proceed to exam hall.

The first test will be listening. BC has good headphones and you will get about 20-25 trials to check if your headphone is working correctly or not. So no problem there. Apart from section 2, all other sections were easy. Section 2 contained geographic map and event map. You will also have additional 10 mins for transferring your answer.

Reading test will take place for 1 hour with 3 sections. In my case, the first section was very easy. But section 2 was taken from psychology journal and 3rd passage was from also a controversial issue about exposure of children to advertisement. The P2 and P3 was in particular very hard. But you should remember, correcting 38 doesn’t always mean 8.5 out of 9. Sometimes 34-35 correct answers mean 8.5. So you just have to concentrate on the task in hand.

Then about writing test, you can take notes in writing question booklets. In T1, I had a stacked bar graph about present and projected and previous populations in 3 megacities. I took implications from the graph and represented and compared various data and also compared the anomaly in the graph and used a lot of alternative vocabs and used a lot of complex sentences. In T2, I was told to discuss the issue that many resource are used to explore space, which could be used to improve standard of living in earth. One thing is that never repeat the question. You must come up with idea/line that only reflects the statement. I wrote about 350 words containing a lot of linkers, convoluted vocabs and supporting ideas, examples and contradictory ideas. The last thing to do is that never agree or disagree on the writing task. Always mediate between two arguments.

Then they will give some instructions about the results and then you may leave the hall.

Then on 14 March, I got my result in the afternoon.

I was expecting 6.5 as I thought my reading test had gone very badly. But to my surprise, I scored a 7.5 band (R-8, L-8, W-7.5, S-6.5).

Then I collected my certificate today from Fuller road, You must take your passport with you and sign there and they will give you the certificate, rather known as TRF, in beautiful and strong envelope.

You can send your score electronically upto 5 universities free of cost in 42 days after the result. The DHL/FEDeX will cost 2500Tk/address if done before 6 months after exam and 3000Tk/address afterwards. Every procedure can be done from BC in fuller road.

The reason I wrote this experience was:
  •             To eliminate the element of surprise for new exam takers.
  •             To eliminate as much as confusion.
  •             To provide some tricks that was very useful to me.
  •             To let everybody know, IELTS is not a test of vocabulary.

I just hope this was useful and I am preparing a complete PDF for writing task as I know many students in our country suffer in this section. I will provide about 240 essays.

Thanks you.

Regards,
Sumon Datta


Update: May 22, 2014: For getting so many requests for the files of essays, I am integrating the links with this document.

Thank you, Sumon
(copy)

Saif Powertec Ltd. Subscription Date Start On July 6, 2014

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Download Form:

SAIF POWERTEC LIMITED(Bank List)

SAIF POWERTEC LIMITED(RB Form)

SAIF POWERTEC LIMITED(Affected Form)

SAIF POWERTEC LIMITED(NRB Form)


Saif Powertec Ltd. share of the money collected will be 36 Crore. This company IPO subscription will be started from July 06, 2014 and will be closed on July 10, 2014. For NRB applicants, it will remain open till July 19, 2014. The face value of TK 10 per share value of company and offer price is TK 30 including a premium of taka 20. This company share issue manager responsible for ICB Capital Management Ltd. Last financial year shows the EPS Taka 3.01 & Net asset value per share (NAV) taka 24.29. This Company Quantity of Share per lot 200. Total quantity of share: 12,000,000. This share contributions NO. Share below:
1)   General           60%= 7,200,000
2)   Affected           20%= 2,400,000
3)   NRB                   10%=  1,200,000

4)   Mutual Fund   10% = 1,200,000

Andy1st Driving School,

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Welcome to Andy1st driving school in Stratford-upon-Avon. What a superb setting for your driving lessons! Stratford is steeped in culture and history and it has some lovely places to eat, to play and to visit. Just think when you’ve passed your test, you can drive around the beautiful countryside and visit country pubs on your way. Take the car for a lovely drive around the area taking in the views and perhaps visiting places you’ve never been to before. That’s the great thing about learning to drive – it gives you the freedom to go out when and where you want to.
Being able to drive creates many opportunities for you. It gives you flexibility in terms of where you choose to attend college or University and also gives you much more range in the jobs you apply for. Holding a full licence makes you very much more marketable. You no longer have to rely on others to give you lifts or wait for unreliable public transport. You can go where you please when you please.
Andy1st driving school in Stratford-upon-Avon provides a wide range of learning packages to suit everyone’s needs and budget. We will tailor make a package that’s right for you and your learning style. We do not roll out generic driving tuition but instead work with our pupils individually to make sure they get individual teaching that suits them. We are all different and learn in different ways and at different speeds. Over the years we have found that this style of teaching is incredibly effective as it hones in on your development needs and plays very much to your strengths. Time will not be wasted teaching you things that you have mastered and feel confident with. Valuable time will be spent in areas where you need more support and guidance.
We are a very fast-growing driving school and we pride ourselves on the excellent standard of care, service and teaching we provide. We have listened to pupils past and present and asked them for valuable feedback on how we can improve and make the whole process more effective. We continue to do that and make improvements where we can. We offer flexible learning times in order for you to fit driving into your life. Demands from work, family and social commitments make it really difficult sometimes to fit everything in but by providing lessons at a time that is convenient to you helps both you and us. Our instructors can collect you from somewhere convenient too – perhaps they could fetch you from work or college. Again, we listen to our pupils and try and help make it easy for you to learn.
Our instructors are trained to provide exemplary service. They are all CRB checked, have the relevant industry-led qualifications and are monitored regularly. To uphold the profession’s reputation, our instructors are graded 1-6. Here at Andy1st we only have instructors who are graded 5 or 6 and so you can be assured of getting one of the best instructors in the country. Our instructors are kind, patient and reliable. They will be where they say they’ll be and on time. They will not have anyone else in the car with them, just you.
Our professional service is not just limited to our instructors. We have office staff who are on hand to help with queries and questions and who can be called for advice and support. They will help by  locating an instructor for you and arranging call backs if required. We have both male and female driving instructors and can provide tuition in both manual and automatic cars. Our cars are well-maintained and are comfortable to drive, safe and stylish.
We can teach you in whichever way suits you. This may be the more traditional way of taking lessons regularly – usually weekly. That way you can learn in a methodical way and spread the cost of your lessons. Alternatively you could book an intensive course which bulks all of your lessons together – usually over a week or two. The Driving Standards Agency (DSA) have advised that on average it takes a pupil around 40-50 hours learning to pass a driving test. The intense courses involve around 4-5 hours of driving a day and so depending on your experience and how quickly you pick things up, you could pass your test within 10 days. This is fast becoming the most popular way to learn to drive especially if you need to learn quickly for any reason.
Here in Stratford-upon-Avon we have a fully qualified instructor waiting to help you learn to drive and learn this valuable new life skill. We have a passion and a pride in what we do and we strive for excellence in the tuition we provide. Call us today for more details.         

 

Driving school franchise Stratford Upon Avon
Driving should be a pleasurable experience and that is what we aim to achieve as well as getting you to your goal, from learner driver toNEW DRIVER!
driving lessons in Stratford Upon Avon

New
Andy1st driving school now offers tuition in Automatic Cars! Please phone for more details 077 077 27 900

drivinglessonsinstratforduponavon

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Welcome to Andy1st driving school in Stratford-upon-Avon. What a superb setting for your driving lessons! Stratford is steeped in culture and history and it has some lovely places to eat, to play and to visit. Just think when you’ve passed your test, you can drive around the beautiful countryside and visit country pubs on your way. Take the car for a lovely drive around the area taking in the views and perhaps visiting places you’ve never been to before. That’s the great thing about learning to drive – it gives you the freedom to go out when and where you want to.
Being able to drive creates many opportunities for you. It gives you flexibility in terms of where you choose to attend college or University and also gives you much more range in the jobs you apply for. Holding a full licence makes you very much more marketable. You no longer have to rely on others to give you lifts or wait for unreliable public transport. You can go where you please when you please.
Andy1st driving school in Stratford-upon-Avon provides a wide range of learning packages to suit everyone’s needs and budget. We will tailor make a package that’s right for you and your learning style. We do not roll out generic driving tuition but instead work with our pupils individually to make sure they get individual teaching that suits them. We are all different and learn in different ways and at different speeds. Over the years we have found that this style of teaching is incredibly effective as it hones in on your development needs and plays very much to your strengths. Time will not be wasted teaching you things that you have mastered and feel confident with. Valuable time will be spent in areas where you need more support and guidance.
We are a very fast-growing driving school and we pride ourselves on the excellent standard of care, service and teaching we provide. We have listened to pupils past and present and asked them for valuable feedback on how we can improve and make the whole process more effective. We continue to do that and make improvements where we can. We offer flexible learning times in order for you to fit driving into your life. Demands from work, family and social commitments make it really difficult sometimes to fit everything in but by providing lessons at a time that is convenient to you helps both you and us. Our instructors can collect you from somewhere convenient too – perhaps they could fetch you from work or college. Again, we listen to our pupils and try and help make it easy for you to learn.
Our instructors are trained to provide exemplary service. They are all CRB checked, have the relevant industry-led qualifications and are monitored regularly. To uphold the profession’s reputation, our instructors are graded 1-6. Here at Andy1st we only have instructors who are graded 5 or 6 and so you can be assured of getting one of the best instructors in the country. Our instructors are kind, patient and reliable. They will be where they say they’ll be and on time. They will not have anyone else in the car with them, just you.
Our professional service is not just limited to our instructors. We have office staff who are on hand to help with queries and questions and who can be called for advice and support. They will help by  locating an instructor for you and arranging call backs if required. We have both male and female driving instructors and can provide tuition in both manual and automatic cars. Our cars are well-maintained and are comfortable to drive, safe and stylish.
We can teach you in whichever way suits you. This may be the more traditional way of taking lessons regularly – usually weekly. That way you can learn in a methodical way and spread the cost of your lessons. Alternatively you could book an intensive course which bulks all of your lessons together – usually over a week or two. The Driving Standards Agency (DSA) have advised that on average it takes a pupil around 40-50 hours learning to pass a driving test. The intense courses involve around 4-5 hours of driving a day and so depending on your experience and how quickly you pick things up, you could pass your test within 10 days. This is fast becoming the most popular way to learn to drive especially if you need to learn quickly for any reason.
Here in Stratford-upon-Avon we have a fully qualified instructor waiting to help you learn to drive and learn this valuable new life skill. We have a passion and a pride in what we do and we strive for excellence in the tuition we provide. Call us today for more details.         

 

Driving school franchise Stratford Upon Avon
Driving should be a pleasurable experience and that is what we aim to achieve as well as getting you to your goal, from learner driver toNEW DRIVER!
driving lessons in Stratford Upon Avon

New
Andy1st driving school now offers tuition in Automatic Cars! Please phone for more details 077 077 27 900

Shurwid Industries Ltd. (IPO) Form Download

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Download Form:

Shurwid Industries Ltd.(Bank Name)

Shurwid Industries Ltd. (RB Form)

Shurwid Industries Ltd.(Affected Form)

Shurwid Industries Ltd.(NRB Form)


Shurwid Industries Ltd.  share of the money collected will be 14 Crore . This company ipo subscription will be started from June 08, 2014 and will be closed on June 12, 2014. For NRB applicants, it will remain open till June 21, 2014. The face value of TK 10 per share value of company and offer price is TK 10 including a premium of taka nil. This company share issue manager responsible for ICB. Last financial year shows the EPS Taka 1.10 & Net asset value per share (NAV) taka 14.11. This Company Quantity of Share per lot 500. 



 

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